See original post below. This one appeared significant enough to place at the top...maybe it's way off but it matches so many other 'studies' of this type that have been posted over the last year or so. It's a big pattern just like the others and takes time to complete. Expanding megaphones are corrective by nature but the 'corrective' aspect potential currently could be significant. If the weekly 200ma breaks below the 4-point center line, could be some real concerns. Particularly consider how this aligns with a similar look at the ARMS INDEX recently.
Original post:
Week ending frequently prints a top zone on legs up so next week may bring more indication. The weekly summation index is nothing if but persistent in rolling over. Breadth continues on a downward trajectory but the red [26] signal on the NYAD MACD is at +10 - it's lowest since 3/1/21 and it is a steep fall so far. However, not until it prints negative values can a terminal top be seriously considered.
See Critical Long-Term UPDATED 4/12/2021 Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
No comments:
Post a Comment